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their economy is hurting. the only thing that would help greece right now is if everybody showed up to tour the acropolis. so you don't want to tax everybody who might be coming to do just that. where am i going wrong with that? >> you're not. right now it is remarkable, airline tickets are the most heavily taxed consumer products out there. they pay 20% of every ticket is in the form of taxes. that is more than alcohol, tobacco and firearms which are things we're trying to, which are things that have sin taxes. so a definite loser for consumers. melissa: right. sean kennedy thanks so much for coming on. keep us updated on the european stupidity. >> thanks, melissa. melissa: visitors to the big apple take note, don't ever miss with a new yorker's taxi. details on the faux pas that caused this cab braille on a city street, coming up next. i kind of had this fight before myself but didn't get that violent. you can never have too much money or too many cabs. ♪ . melissa: we have the "a-team." we are joined by m
their economy is hurting. the only thing that would help greece right now is if everybody showed up to tour the acropolis. so you don't want to tax everybody who might be coming to do just that. where am i going wrong with that? >> you're not. right now it is remarkable, airline tickets are the most heavily taxed consumer products out there. they pay 20% of every ticket is in the form of taxes. that is more than alcohol, tobacco and firearms which are things we're trying to, which are...
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but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million and a half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is the ongoing uncertainty about the bush tax cuts. subkowiak says if those tax cuts aren't extended some potential buyers could put a hold on buying a new house. diane eastabrook, "n.b.r.," hinsdale, illinois. >> tom: we saw two discouraging reports today from the c-suite, from top corporate executives. in separate surveys, both chief executive officers and chief financial officers are losing optimism. and both have dialed back hiring expectations. this stands in contrast to a report just yesterday from the conference board indicating consumers are more hopeful about the "deloitte c.f.o. signals survey," which
but while this is all good news for an economy that hasn't had much of it lately, morningstar economist robert johnson says the market still has to make up a lot of lost ground. >> if you look at housing starts at the peak we were over two million starts. i'd say based on population the number should have been about a million and a half. now we're down around 750,000 in terms of housing starts so we're kind of half of what i view as normal. >> reporter: one wild card for builders is...
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they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any particular confidence. if you're a businessman, you're the labor demand. you're not going to hire anybody without knowing. you're going to wait if you can. most of them can wait. it's just going to get worse. >> all right. gentlemen, thank you both. it is one of the real thorny issues of our time right now as we head toward the election. former credit investment banker was reportedly arrested earlier today by london police. u.s. authorities are criminally charged him back in february alleging he and two other creditors conspired to inflate the value of mortg
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any...
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economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control over the libor bank rate. as it looks to prevent further rate rigging scandals. the association says libor is based on interest rates charged between banks in the london market. in june, major british bank, barclays was fined for manipulating libor through false reporting. a staement released tuesday indicating they would transfer libor related to a public body. by making the announcement, the association is seen as trying to ease criticism about the way the rate has been handled over a quarter century. and the british gov
economy. the firm has been taking various streamlining measures that include cutting 2,000,000 jo jo. 10% of the work force. despite actions, the company posted a loss in first time in four quarters. "the new york times" decided to appoint bbc general director as its new top executive. he is nonto have improved the web services of the bbc is is expected to bolster the newspaper company's online businesses. >>> british bankers association says it is willing to give up control...
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that depends on the global economy. suzanne pratt, nbr, new york. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation helped save citigroup. sheila bair was among those making the decisions. she was the chairman of the fdic and has written about the financial crisis in a new book, "bull by the horns. " she join us tonight from the nasdaq. sheila, congratulations on the book. quite a read to relive those days and months four years ago. after all the billions of dollars spent and the millions of homes foreclosed on, you wrote, i wonder if we overreacted. you say the generosity of the response troubles you, why? >> the generosity of the banks. we clearly ne
that depends on the global economy. suzanne pratt, nbr, new york. >> tom: still ahead, as the debate over mitt romney's taxes shows, not all income is taxed the same. why how much you pay in taxes depends on how you make your money. four years ago this month, the economy was in a freefall. lehman brothers had collapsed and credit markets seized up. a.i.g. was rescued by the federal reserve. the tarp program spent billions bailing out banks, and the federal deposit insurance corporation...
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plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course, the slowdown against china, and the growth that is the united states. the diverse portfolio of high-quality stocks, income producers, and growth stocks with solid dividend boosts. and of course, some gold. these have all been the correct calls to make. i've stuck with it because i believe the europeans are not suicidal. so far, so good on that front. i believe the chinese economy will simply come back by the virtue of the fact there is still tremendous urban migration within china. i believe the accommodative stance will serve as a bridge over a troubled fiscal
plus, one more unthinkable, a slowing chinese economy. the great engine of growth that has supported global commerce for years. >> all aboard! >> including the darkest days of the great recession. and what's happened? the stock market never quit. never stopped climbing, it has a remarkable run with almost every sector leading the charge at one time or another, the great rotation. and before i go into the by remistations for the evening. i told you not to waver, to stay the course,...
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it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spend money in october as they had been answered timber, but they are more pessimistic about their income in the future, fearing it could drop considerably -- germans are as willing to spend money in october as they had been in september. let's take a look at tuesday's market action. things are actually pretty good on the markets. let's kick off in frankfurt where the gap had finished up -- not by a whole lot, but still green on the screen -- where the dax had finished up. across the atlantic, the dow down by 0.5% at this hour, and on currency markets, the year of trading a little bit lower against the greenback, $1.2910. austrian skydiver -- an austrian skydiver is preparing for a historic feat. in two weeks, he aims to be the first pers
it will impose new and very strict terms on national economies for budgetary restraint, but can it be enforced? that is the question merkel faces today. >> peter, thanks. german consumer confidence looks set to remain stable next month, despite concerns that an economic slowdown has begun. >> market research company gfk says germans are as willing to spend money in october as they had been answered timber, but they are more pessimistic about their income in the future, fearing it...
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it slashed its profit outlook on monday, citing a sluggish global economy. and there is concern more companies could follow suit. it wasn't all bad news on wall street. we actually got some pretty positive economic numbers. now, u.s. consumer confidence rose to its highest level in seven months in the month of september. we got housing data, housing prices rose at a faster than expected pace in the month of july. getting mixed signals about the stift u.s. and the global economy and will continue toe a major focus for investors worldwide. ate of the u.s. and l economy and will continue to be a major focus for investors worldwide. here in tokyo, investors will take a wait and see stance, moves driven by external fact to including europe's debt problems and overnight falls on wall street. now, spain is preparing a new round of austerity measures this week for the next fiscal budget. that is going to be a major focus. >> here in japan, we have the main opposition liberal democratic party's presidential election today. is that expected to effect the stock market?
it slashed its profit outlook on monday, citing a sluggish global economy. and there is concern more companies could follow suit. it wasn't all bad news on wall street. we actually got some pretty positive economic numbers. now, u.s. consumer confidence rose to its highest level in seven months in the month of september. we got housing data, housing prices rose at a faster than expected pace in the month of july. getting mixed signals about the stift u.s. and the global economy and will...
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maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for
maybe because ohio's economy is on something of a tear right now. unemployment is well below the national average. business formation well above the national average. never mine the republican governor of the state, on wants to take a bow, a lot of business owners across the country did not get the memo. welcome, everyone, glad to have you. so much for
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presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of what's not going to happen i think that the concern has moved further west to italy and spain i think that's where the real concern is i don't know what it has to do with politics but certainly the the underlying fundamentals are bad and continue to hear europe so nothing has got better things have only got worse. let's talk about the e.u. leaders they insist on the absolute need to preserve the euro zone but is that possible today i mean you've just spoken about spain with so i can add it to the we've seen how people are out on the streets we saw yesterday lows of protesters out in madrid saying we
presidential elections why is that i mean is that too much of a danger to the global economy they you know people are unhappy right now they are already taking to the streets. i don't think. i don't think it is i mean i think the markets have had a long enough time to digest the situation in greece if greece were default i think it would be it would be concerning but i think markets are been able to. i don't think really people are or are hanging much on what's going to happen in greece of...
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here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is depressing. >> bob: okay. >> eric: it is depressing. the man has time for the view and letterman but can't meet with netanyahu or tackle the major issues going on in america: jobs. >> bob: i would venture to say most presidents up for re-election, general assembly of the u.n. in september of election year don't have a lot of bilateral meetings -- >> dana: if you're going to say that, why don't you check it out first. we have polls who do things like that all day. >> bob: i checked in with -- >> dana: so you can say -- >> eric: we checked with the people in the brain room and they
here at home, the american economy is in shambling. obamanomics turned it to food stamp obama nation. war on jobs is crushing the middle class. as american cities declare bankruptcy for the first time ever. so, go ahead with "the view." go ahead with "letterman show." the clooney dinners. i understand you're eye candy. i understand you have your priorities. unfortunately, your priorities don't line up with ours. >> bob: that was very depressing. >> eric: it is...
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economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not reported. you have to grow the gdp, which is the numerous rate tore, i mean the denominator then you get the debt-to-gdp ratio fall. you need growth and spending cuts. melissa: you think the political will is out there to really riot at some point? >> i think washington, look i think the american people, the vast majority of us, are willing to make these decisions about, what are we going to do about the future of medicare and social security. the one thing we always americans have to grapple with, we don't talk
economy. i think we could see pretty rapid rates of growth in next couple years if we get some of these problems solved which i think is coming. i think we'll see tax reform. i think we'll see entitlement reform in this country. you know what? give how bad this recovery has been so far, melissa, we're still five million jobs short where we were five years ago. melissa: yeah. >> you get the economy moving again that debt-to-gdp ratio falls. that is the good news of the story that is not...
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find out what's really happening to the global economy because a report on our. courageous and creative. elegance . and formed public speaking. a few european bodybuilders against millions which immigrants. may not seem so serious. but this could be a real threat to. european extremists. or it's a four fifteen pm here in moscow this is r.t. and i'm wrong re sushi let's get back to the mood in spain it is far from pretty so are protests are expected after a violent turn to last night's demonstrations we're going to talk to victoria some pedro and associate professor and they go to one public university someone who was actually at the protest last night good to see you get out of it unscathed mr some part of the pressure what what what exactly went wrong how did what began as a peaceful rally to revive democracy turned into a running battle a good question what really went wrong was the behavior in the government conducted this situation people began to go as there are. more. people here had lunch in two different to square one was i mean they are kind of but not v
find out what's really happening to the global economy because a report on our. courageous and creative. elegance . and formed public speaking. a few european bodybuilders against millions which immigrants. may not seem so serious. but this could be a real threat to. european extremists. or it's a four fifteen pm here in moscow this is r.t. and i'm wrong re sushi let's get back to the mood in spain it is far from pretty so are protests are expected after a violent turn to last night's...
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their economy will suffer a double little bit. they need crude-oil. people driving cars over there show the market coming of the way it did. those cracks blew out today. refinery fire in canada turned out to the storage tank. if you look at the cracks between the prices of crude oil versus gasoline that made a tremendous move today and there are other factors. may be a blip in that market but those cracks have been strong going forward so you will see strength in the product versus crude even if the crude comes -- will move out. cheryl: one other issue. talking about the election and november around the corner. do you find people sort of have true conversations about investment decisions at the end of the year? >> absolutely and people will be more concerned about that in october. the first of three presidential debates was the vice-presidential debate. people are disgusted with the lack of movement in washington concerning the fiscal cliff so part of the problem, the apathy in the market is people don't know where to go. very unclear and the light at
their economy will suffer a double little bit. they need crude-oil. people driving cars over there show the market coming of the way it did. those cracks blew out today. refinery fire in canada turned out to the storage tank. if you look at the cracks between the prices of crude oil versus gasoline that made a tremendous move today and there are other factors. may be a blip in that market but those cracks have been strong going forward so you will see strength in the product versus crude even...
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has to be shared sacrifice to do the things necessary to get the budget in order and then spur the economy and start job creation. >>shepard: enormous challenges ahead. thank you. >> cyber attackers are hitting more american banks. wells fargo was a target this time. is a foreign government behind the attacks in is your money safe? we will get into the details on those fronts. new violence in europe's economic crisis. more open latest rounds of riots across europe. the situation is pretty dire. the scene is not pretty. we will get to that next. copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. [ male announcer ] fedex office. romney: "it's time to stand up to the cheaters" vo: tough on
has to be shared sacrifice to do the things necessary to get the budget in order and then spur the economy and start job creation. >>shepard: enormous challenges ahead. thank you. >> cyber attackers are hitting more american banks. wells fargo was a target this time. is a foreign government behind the attacks in is your money safe? we will get into the details on those fronts. new violence in europe's economic crisis. more open latest rounds of riots across europe. the situation is...
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or into a few months we have also this engine of economy so it's a kind of the susceptible we can look to reduce the debt a state where making the economy bourse in the life of a people will be set up you know of course it's going to be a way out of the crisis in georgia tony and professor of constitutional or a great pleasure to have you on the program today as a thank you. i will after a short break here on r.t.i. we take a look at the protests in madrid and one of the demonstrators who we talked to told us of a systematic provocations made by the police in an effort to evoke a reaction from the protesters. nation ship for profit of big business scandals in the u.k. where giant companies could be owing their success to some very powerful backers deep inside the government. in the glow of russia's no phone away from civilization and you three are one helicopter treat from the nearest village. they still don't family have been living here for a long time in tents made of rangy askins. lodging runs in a signal on minutes they also grew up in the to draw but left it at the age of six and
or into a few months we have also this engine of economy so it's a kind of the susceptible we can look to reduce the debt a state where making the economy bourse in the life of a people will be set up you know of course it's going to be a way out of the crisis in georgia tony and professor of constitutional or a great pleasure to have you on the program today as a thank you. i will after a short break here on r.t.i. we take a look at the protests in madrid and one of the demonstrators who we...
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find out what's really happening to the global economy cons a report on our. nation and free accreditation three times torture educators free. range month three. three stooges free. download free broadcast quality video for your media projects free media oh don carty dot com. if you live with us here in moscow it's just gone past twenty two seventeen here in moscow the square by the greek parliament in downtown athens are scenes of chaos today with protesters and police exchanging molotov cocktails and tear gas grenades greece itself is at a standstill today with a nationwide strike paralyzing industry transport and businesses up to a million people are taking part in protests with around fifty thousand in the streets around parliament to learn the action is against a third round of austerity being debated by the government if passed aid would mean deep slashes to pensions and a raise in the new time in the age to sixty seven but attorney and professor of constitutional law at georgia cuttle dollars a says acerbity has shown itself to be a path to disaster. th
find out what's really happening to the global economy cons a report on our. nation and free accreditation three times torture educators free. range month three. three stooges free. download free broadcast quality video for your media projects free media oh don carty dot com. if you live with us here in moscow it's just gone past twenty two seventeen here in moscow the square by the greek parliament in downtown athens are scenes of chaos today with protesters and police exchanging molotov...
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find out what's really happening to the global economy. headline news to report. with so many burning issues in the world today it's important that we're all as informed as we can be now one man that's more informed than most is william and bell geo political analyst and author of the book myth lice and oil wars and he joins me right now thanks very much for speaking to us thank you syria is of course the main issue at the moment globally just how close are we to seeing a foreign military intervention in that country well the worst in particular washington has been trying for seventeen now eighteen months almost to blow syria's sky high in.
find out what's really happening to the global economy. headline news to report. with so many burning issues in the world today it's important that we're all as informed as we can be now one man that's more informed than most is william and bell geo political analyst and author of the book myth lice and oil wars and he joins me right now thanks very much for speaking to us thank you syria is of course the main issue at the moment globally just how close are we to seeing a foreign military...
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the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when you get that home, that is counted as income in greece. you will be taxed on that home month to month, so not only do you not have a job job, you can't sell it because the company country is in the toilet, but now you are getting bills. >> it's really discouraging situation. >> family tension. >> when we see these pictures today, michael, do you think we're going to see these pictures or are we going to see more and more of this in the days and weeks to come? >> we've seen in the months in the past two too. this isn't over by a long shot. i mean, greece is
the economy has shrunk 20% in the last five years. that will be 25% by the end of mechanics year. >> you talk about suicides. who is taking their lives? >> people who end up with nothing. these people who have lost their jobs, will lose their homes. you are talking about huge numbers of people. this is not just small numbers of people. i heard an interesting story today. under the way greece is set up too, if you are unemployed and your dad dies and leaves you the family home, when...
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to be decide to share it got us here and you have a point if you will have also this engine of the economy so it's a kind of vicious circle we're going to reduce them to a state where making a record a record in the luxury of people will reset up we had at the age of attrition exclusion central focal it's got implosion of the government itself so what are you think that there are in the months to come we are going to have to finish the year political crisis besides they're going to run. well there was a riot in madrid last night with tens of thousands of protesters around in the parliament and provoking a very hard response from spanish law enforcement more than a hundred people were either arrested or injured in scheme which is as police charged at the krauts jacob riis was in the middle of it all and reports on how false sterett he has pushed people's patience. tens of thousands of people were out on the streets in numbers but then it turned someone on it was so protesters throwing projectiles at police there's also a constant thought of fireworks being set off in and around the amassed
to be decide to share it got us here and you have a point if you will have also this engine of the economy so it's a kind of vicious circle we're going to reduce them to a state where making a record a record in the luxury of people will reset up we had at the age of attrition exclusion central focal it's got implosion of the government itself so what are you think that there are in the months to come we are going to have to finish the year political crisis besides they're going to run. well...
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i know what it takes to get this economy going again. i care about the people of america. >> reporter: as new polls show ohio slipping away. romney down by ten points in a new poll out this morning, and nearly that in another recent poll. after that video of romney talking badly about the 47% who pay no income tax. today, from romney, more compassion in a new minute-long tv ad. >> president obama and i both care about poor and middle class families. the difference is, my policies will make things better for them. >> reporter: romney's problem is historic, nobody has won the white house without winning ohio, romney sounded optimistic today in an interview with nbc news. >> can you win ohio? >> i'm going to win ohio, in part because i have for support of people in ohio. >> reporter: but the problem, obama is here, too, today, his 29th visit since taking office, and not letting anybody forget that other number, 47%. >> i don't believe we get very far with leaders who write off half the nation as victims who never take responsibility for the
i know what it takes to get this economy going again. i care about the people of america. >> reporter: as new polls show ohio slipping away. romney down by ten points in a new poll out this morning, and nearly that in another recent poll. after that video of romney talking badly about the 47% who pay no income tax. today, from romney, more compassion in a new minute-long tv ad. >> president obama and i both care about poor and middle class families. the difference is, my policies...
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will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
will that help the economy? we talk about that coming up. let's head to the floor of the stock exchange. nicole petallides, stocks trading in a narrow range. nicole: we have seen that for a few days. some selling late in the day going into the
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. >> $9 billion per year they make, that is more than most south american countries have for their economy. last night there were about $300,000 on the line, the referee called made all that money change hands and that is just legal money in las vegas. imagine all of the people in office pools betting on the packers like most of them did because they were favorites. it is a debacle and it is not even an opinion anymore. >> footlocker called and what their sales guys back. >> let's go live to mobile 5 where we're getting a sneak peek at the progress of the 49ers new stadium. some of the steel framework has already been put into place. a few hours ago a team executives gave a tour of the difference sidelines. right now construction equipment are cluttering the future spot of the 50 yd line. the team officially broke down on the project back in april. is it is expected to be done in time for the 2014 season >> you do not need to pay a fortune for your smart phone. the overlooked option that could save you $1,000 per year. >> staying,, vo: for years, sacramento politicians have chopped away fu
. >> $9 billion per year they make, that is more than most south american countries have for their economy. last night there were about $300,000 on the line, the referee called made all that money change hands and that is just legal money in las vegas. imagine all of the people in office pools betting on the packers like most of them did because they were favorites. it is a debacle and it is not even an opinion anymore. >> footlocker called and what their sales guys back. >>...
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than the national economy. a lot of people said why is mitt romney talking about debt and deficits? this is just an issue that resonates almost as a psychic. that is one thing to keep it until my. you have the strands that do not always clear in a way that works for you. that is wanting to keep it into my. it is interesting to think about -- when you have this kind of stagnation for much of the country, what does it mean? one thing is if you look at the snap and moment -- in a moment, it is increased dramatically since 2000. same thing for medicaid. limbo clinton gave a speech at the dnc, he was true. -- when bill clinton gave his speech at the dnc, he was s hrewd. when you look at medicaid and who benefits, and it's a lot of white a working-class folks. when you think about how republicans need to talk about it, that the funny thing about mid ryan -- ryan and ryanism. he has until some respects gotten it right. you want to talk about how we care about the safety net. in matters of law to was. a debate dynamics
than the national economy. a lot of people said why is mitt romney talking about debt and deficits? this is just an issue that resonates almost as a psychic. that is one thing to keep it until my. you have the strands that do not always clear in a way that works for you. that is wanting to keep it into my. it is interesting to think about -- when you have this kind of stagnation for much of the country, what does it mean? one thing is if you look at the snap and moment -- in a moment, it is...
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they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen in the past. tear gas being used by the police to disperse the protesters. a lot of back and forth. that lasted just a couple of hours. it was smaller than we've seen in the past. but once again, two capitals in europe erupting in the last two days, today, in fact over austerity measures being imposed as they try to balance their budgets. >> michelle caruso-cabrera, thank you for that update. beakers, i'm going to you. the worse things get, the more likely it will be that spain actually seeks a bailout, right? borrowing costs have to remain high. 32 basis points rose in spani
they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen...
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come to find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report on our. with world leaders gather in a new york city at the united nations general assembly the question remains how much of this world meaning will have an actual impact on the problems facing our planet will talk a little more about what's happened so far and what we might expect in the coming days i'm joined now by r.t. correspondent ana stasia churkin up. anastasio having. been watching the u.n. meetings since the beginning what what kind of things are they talking about so far . well you know al be the most important thing about the u.n. is really the amid the thousands of well hundreds of photo ops and dozens of meetings and over one hundred ninety speeches given what's important is to really kind of see through what's important and what's really done for decorations and really being put on by world leaders for the media to see and so far today is only just day one so things are really only getting heated up here ge
come to find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune into kinds a report on our. with world leaders gather in a new york city at the united nations general assembly the question remains how much of this world meaning will have an actual impact on the problems facing our planet will talk a little more about what's happened so far and what we might expect in the coming days i'm joined now by r.t....
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the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that, is that under the current law there would be a dramatic tightening equal to about 4% of gdp. that's what is, refer to as the fiscal cliff. and that is good. it entails a contraction of 2% of gdp, and that is not good at all, especially if you consider the forecast of growth of the united states is pretty much in the range of 2%. so that is a racing any growth in the united states, would be the consequence of not dealing with the fiscal cliff and not dealing with the debt ceiling, which are both looming threats on the very short-term horizon. and it's not a threa
the eurozone remains the greatest risk for the global economy today. as i said earlier on, the ecb move from two weeks ago with the omc was clearly a turning point. but the countries have to really work together much more cohesively in a much more coordinated manner and order together turned the corner. as you know, european union and the eurozone in particular are not the only threats on the horizon. the united states is also currently a threat. the immediate concern is, many of you know that,...
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economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet the market's march higher. i'm okay with this quarter, actually, i'm kind of okay with it. i think the economy's still a little bit in stall speed. here's why i have a problem. i have a problem in q4, analysts are expecting a jump of 9.5%, and in 2013 another jump of 13% over 2012. how are we going to get there? i don't see the catalysts, the real catalysts for this sort of growth. and here's why. margins are at an all-time high. companies can keep cutting costs, right? you can let go of employees, you can make your process
economy, the u.s. markets because of the fiscal cliff and other issues going the same way of greece and spain. do you still think that is a possibility? because it looks like the u.s. economy in small increments has been getting better. >> it is. but you've got to think about it logically, right? so the s&p 500 stocks, they're up 26% from where they were last year, right? now, here's where it gets interesting. this quarter, q3, analysts are expecting a 2.7% drop in earnings, but yet...
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they presumed stocks have not done well because the economy is not the wall. stocks because of the bernanke have done extremely well. he said a couple of years ago, i'm doing this qe stuff that he is talking about to get stocks of. if i get stocks of people feel better. some prices go up. if they feel more they will buy more and build things that we will have more jobs. congress is not doing it. the administration is not doing it, someone has to. that has been helping stocks. his most recent round of stuff, even his own talking as you refer to today, i don't think it's going to work. who knows? lou: and sort of it seems a bit cavalier that the fed presidents is holding forth, you know, the views, but that's fine. also, one can accuse him of being dishonest because there is a reason to question whether it will work because we have never done this before. never had a fed chairman this adventuress. also at the same time it begs a question, how much trouble are we in? shortly ben bernanke would not have taken this extraordinary and unprecedented step of monetary e
they presumed stocks have not done well because the economy is not the wall. stocks because of the bernanke have done extremely well. he said a couple of years ago, i'm doing this qe stuff that he is talking about to get stocks of. if i get stocks of people feel better. some prices go up. if they feel more they will buy more and build things that we will have more jobs. congress is not doing it. the administration is not doing it, someone has to. that has been helping stocks. his most recent...
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it's all about the economy. yesterday he made an interesting pitch to the crowd saying, i need you to go out and tuque to obama. vote for me this time. so they're really trying to target tho voters. as i heard you say earlier,n thpresland in crowd, the romney spinners are pushing back on the polls. they insist they're within the margin of error but they offer no proof of that. he's hoping for big crowdser more enthusiasm and hoping to open the gap here because as you owiny nohio. >> ron allen following the campaign for us. ron, thank you. let's look at the map itself when it comes to ohio. there are less than a thousand hours until election day. is that sinking in? bodisti the campaign trail. if ohio is really leaning toward the president, what does that mean for mitt romney and his potential path to victory? let's go to the latest nbc news battleground map and show you where thisd. last week we moved from toss-up to lean ohio. the president's lead, it went from 24 2770. what does this mean if you give him ohio?
it's all about the economy. yesterday he made an interesting pitch to the crowd saying, i need you to go out and tuque to obama. vote for me this time. so they're really trying to target tho voters. as i heard you say earlier,n thpresland in crowd, the romney spinners are pushing back on the polls. they insist they're within the margin of error but they offer no proof of that. he's hoping for big crowdser more enthusiasm and hoping to open the gap here because as you owiny nohio. >> ron...
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economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar. good morning, rick. >> good morning, carl. like an answering machine, there's a loop and the markets have a loop and we're seeing this loop again and we all know what it is. let's look at some one-month charts. it's starting to come down. you can see aggressively the boon chart, over the sea, over the pond. their rates on the ten-year maturity are looking very similar. also moving down. well, what's moving up? let's look at a one-month chart of two-year maturities in spain. you can see what's kicking up. about 25 basis points. you can see what's kic
economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar....
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and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed, they're not sure, so they're confused about what does it take to change, which they know their neighborhoods need. >> woodruff: back in columbus, only miles from ohio state university, shannon follins worries about her neighborhood. follins who was pregnant at 16, now has two children, works an overnight shift at the waffle house and attends classes during the day. she will vote for the president because she thinks he is more in touch with the needs of her community and her children. >> i don't want my son growing up to be no gang banger shooting people or in and out of prison i don't want my daughter to be a
and making sure the economy is strong. >> woodruff: dorothy stoneman, the founder of the non-profit youthbuild usa - says young people from disadvantaged backgrounds are more apt to base their vote on their immediate circumstances. >> in 2008 they had this hope, they did believe in hope and change, i think some of them are now disappointed because they got their hopes up so high and they haven't seen the kind of change that they imagined. they're not mad, they're disappointed,...
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economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists kind of took advantage of the situation, throwing gasoline bombs at police. they used a general strike and march as a vehicle to just rage against authority. over 50,000 people came out. they are processing the further cuts that are coming their way . many in greece are generally desperate now having seen their salaries drop by more than 20% already since austerity became a way of life in greece. social safety networks are not able to save people. one person at the demonstration was quoted as saying, we are bleeding, we can't ta
economy on your 401k. amy kellogg joins us from london with more. >> reporter: it affects your 401k was the markets of course are corelated and the markets in europe are down. also the s&p derives a significance portion of its earnings from european then american companies have operations overseas that make money in europe, therefore if the economy here is in a bad way that hurts americans. there was this big strike in greece today that got violent when some black-hooded anarchists...
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steel is more of a reflection of the global economy, domestic economy. one thing i do like it create ad lot of support at 19. i'm worried about the catalyst. if someone is in it i think it is too late to sell but i'm still not ready to jump on that particular stock. ashley: why is it moving higher? can't figure out why any is -- >> ceo of netflix is barking. making a stand. amazon can't tough us. listen, that is what a ceo is supposed to do. facebook, speaking of ceos and what they're supposed to do, it generated now a cult of traders has facebook. under 20 you buy it. over 23 you sell it. if someone wants to play the game more power to them. as far as long-term buy and hold --. ashley: not a good thing. >> they have to see they can make money particularly with mobile. that leaves us with deckers. this is winter play. you know they make uhgs, right? they wear them in the winter time. i don't want to be there when they take them off, that is number one. this is winter stock. we haven't had a real winter. ashley: not last year. >> this is one thinking look
steel is more of a reflection of the global economy, domestic economy. one thing i do like it create ad lot of support at 19. i'm worried about the catalyst. if someone is in it i think it is too late to sell but i'm still not ready to jump on that particular stock. ashley: why is it moving higher? can't figure out why any is -- >> ceo of netflix is barking. making a stand. amazon can't tough us. listen, that is what a ceo is supposed to do. facebook, speaking of ceos and what they're...
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once the campaign to be about the economy and the unemployment rate. it is a difficult position for a republican to be running against a democrat who has a strong record on national security. that has been difficult for the romney campaign. i worked for republicans and democrats in various administrations, so i am not a political person. but it seems to me that republicans always try to run to the right of the democrats, and sometimes accused democrats of being weak on a national security. in this election you have president obama, who has taken us out of iraq, president obama who has waged a very tough war against al qaeda, has gone after the al qaeda leadership, notably osama bin laden, who has taken out some of the terrorists in yemen, including awlaki, an important terrorist figured there. president obama, because of his actions and his impressive record, has boosted american credibility in some parts of the world. governor romney has been trying to assert that president obama is not strong enough on foreign policy, that he has not supported israel
once the campaign to be about the economy and the unemployment rate. it is a difficult position for a republican to be running against a democrat who has a strong record on national security. that has been difficult for the romney campaign. i worked for republicans and democrats in various administrations, so i am not a political person. but it seems to me that republicans always try to run to the right of the democrats, and sometimes accused democrats of being weak on a national security. in...
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lou: what impact will that have with the over stimulated the economy? >> it is crazy. lou: we cannot go back to the old ways but those who do with policy with the economy we have. >> ehud are scaring me. old-line accounting is still good. sound money, a free trade come amenable regulation, low rates of flat taxes and spending restraint. stand back and the economy welcome back bringing down the deficit. i guarantee. lou: i stand up. [laughter] lou: of party hopeful from misery, akin is awash with new support with a new fund-raiser. john bolton tomorrow on why he will not call enacted terror. and what is propping up and also the vote race for the white house. we will be right back. let's say you need to take care of legal matters. wouldn't it be nice if there was an easier, less-expensive option than using a traditional lawyer? well, legalzoom came up with a better way. we took the best of the old and combined it with modern technology. together you get quality services on your terms, with total customer support. legalzoom documents have been accepted in all 50 states, a
lou: what impact will that have with the over stimulated the economy? >> it is crazy. lou: we cannot go back to the old ways but those who do with policy with the economy we have. >> ehud are scaring me. old-line accounting is still good. sound money, a free trade come amenable regulation, low rates of flat taxes and spending restraint. stand back and the economy welcome back bringing down the deficit. i guarantee. lou: i stand up. [laughter] lou: of party hopeful from misery, akin...
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plasser saying he's opposed to qe-3 because it won't help the economy. as far as bond yields are concerned, nudging ever close to the 5% mark in italy. we have got italy today with a bell auction. we'll get the results of that a little bit later. u.s. yields continue to fall back down lower at 1.46%. sterling/dollar is a little bit low. aussie/dollar is low. so the dollar having a good day apart from against the euro/dollar. starting to raise the gains we've made post the ecb out of the constitutional court. that's where we stand in european trade. what about in asia today? lisa has the details once again out of singapore. >> thanks, ross. the shanghai composite is not far from that all important 2,000 point mark. investors would have been much better off investing in greece instead of china. year to date stocks gained over 10% increase, but down about 9% in china on growth concerns and political uncertainties. today the shanghai composite was dragged down by resource and steel makers. property corps is down 1.2%. the hang seng physicaled suit. industria
plasser saying he's opposed to qe-3 because it won't help the economy. as far as bond yields are concerned, nudging ever close to the 5% mark in italy. we have got italy today with a bell auction. we'll get the results of that a little bit later. u.s. yields continue to fall back down lower at 1.46%. sterling/dollar is a little bit low. aussie/dollar is low. so the dollar having a good day apart from against the euro/dollar. starting to raise the gains we've made post the ecb out of the...
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so the president has the edge on the economy. even though this was supposed to be mitt romney's strength. if you would have asked us a year ago, even six months ago the race in ohio is going to come down to the economy. most people would have bet that would be bad for the president. right now it's looking not so bad after all, shep. >> shepard: debates sometimes change people's minds. the first presidential debate a week from today. what do we know about how the president is preparing? >> well, we are learning some new information. the president on sunday is going to go to nevada for a couple of nights. and is he going to do some debate prep. john kerry we already knew would be the person who is going to stand in as mitt romney in the mock sessions we are told. they have already had a few of those sessions in washington. now they will be taking it no nevada because it's close to colorado. battleground state. they are trying to lower expectations in the white house by saying look the president hasn't debated since john mccain four
so the president has the edge on the economy. even though this was supposed to be mitt romney's strength. if you would have asked us a year ago, even six months ago the race in ohio is going to come down to the economy. most people would have bet that would be bad for the president. right now it's looking not so bad after all, shep. >> shepard: debates sometimes change people's minds. the first presidential debate a week from today. what do we know about how the president is preparing?...
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neil: when you hear president touting improving economy numbers, still weak as we know for this stage in a recovery, but they are better than they were, and president saying hey look i've been for pursuing coal and oil as much as green energy, someone is buying, that right? >> i hope not. because it is a absolute lie from the president. and anyone that supports him to say that he is eliminating low-cost electricity in america. it is a human issue to me because it is the lives and livelihoods of my employees he is destroying, people are not buying his lies. lies. >> how i is he stopping our industry from expanding and mining more coal, white house says we have more coal mining going on today than when the president took over. >> he is doing it two ways, in our permitting, we cannot get permits for regulations, they come out of the department of interior, department of labor. rules and regulations he is playing down we cannot get permission to mine the cole. and on the utilization end, causing electric utilities to stop burning cold. an-- coal, he substitutes his wind and solar power th
neil: when you hear president touting improving economy numbers, still weak as we know for this stage in a recovery, but they are better than they were, and president saying hey look i've been for pursuing coal and oil as much as green energy, someone is buying, that right? >> i hope not. because it is a absolute lie from the president. and anyone that supports him to say that he is eliminating low-cost electricity in america. it is a human issue to me because it is the lives and...
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americans say they're feeling more confident about the economy. the consumer confidence court increased nine. push higher by a brighter outlook for hiring. it is the highest level since february but still 20 points below what is considered to be healthy. barnes and noble says it will launch a video service that will let users buy and rent movies and television shows on their televisions and mobile devices. the video applications puts barnes and noble in direct competition with other on-line video providers myriad >> i used to feel sorry for airlines but after i saw the members they're making off of baggage fees, maybe not so much anymore >> absolutely. baggage these are actually taking off with u.s. airlines falling in more than $1.7 billion and that is just in the first half of this year, the most ever. delta collected the most. airlines for started charging for the checked bag back in 2008 and since then, just about all the carriers have jumped on board. i think i will start boycotting airlines and instead will go in the car. >> great weather co
americans say they're feeling more confident about the economy. the consumer confidence court increased nine. push higher by a brighter outlook for hiring. it is the highest level since february but still 20 points below what is considered to be healthy. barnes and noble says it will launch a video service that will let users buy and rent movies and television shows on their televisions and mobile devices. the video applications puts barnes and noble in direct competition with other on-line...